The Securities and Exchange Board of India (Sebi) has issued a debt broker license to Bengaluru-based fintech firm GoldenPi Technologies. With the development, GoldenPi became the first online bond platform provider to receive a debt brokerage license from Sebi.
In accordance with the SEBI Regulations, 2021, the regulator issued rules for online debt trading platforms last year that stipulated that no business or individual may operate as an online bond platform provider without a certificate of registration as a stock broker.
The company stated in a press release that the award of the license by Sebi to GoldenPi is anticipated to act as a catalyst for increased investor trust in the online bonds and debentures investment space.
“We are extremely delighted to have received the license and are confident that this would incentivise more investors to invest in the debt market with utmost trust,” said Abhijit Roy, CEO and co-founder, GoldenPi.
The Zerodha-backed company, which was founded in 2017, currently lists more than 100 bonds and debentures every day on its online platform.
It has more than 3.7 lakh active users on its platform, investing in corporate bonds, NCD, IPOs and other fixed-income assets.
